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Valvoline | 15y Abs NNN GL | Nashville TN MSA 268 E Main St 2,088 SF 100% Leased Retail Building Hendersonville, TN 37075 $2,421,000 ($1,159.48/SF) 4.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New Construction Valvoline Prototype Location (2026) at a Premium Corner Location
- Directly Adjacent to Brand New Chick-Fil-A and Jim N Nicks, across from New Starbucks and just down street from upcoming In-N-Out
- 15-Year Absolute NNN Ground Lease with Zero Landlord Responsibilities
- Frontage East Main Street with 25,000+ VPD, just east of Indian Lake Blvd with additional 17,000+ VPD
- No Income Tax in Tennessee - E-Commerce Resistant Use - Upscale Suburb of Nashville - Connectivity to brand new Traffic Signal, Kroger, Petsmart
EXECUTIVE SUMMARY
Brand New 2026 Construction Valvoline Instant Oil Change in the Nashville MSA
15-Year Absolute NNN Ground Lease with Zero LL Responsibilities and a Corporately Guaranteed Lease, with 10% Rent Bumps Every 5 Years Throughout Term and 4 x 5 Year Option Periods
New Traffic Signal serving the development along East Main Street / Hwy 31E (25,000+ cars per day) just 600 yards east of the Indian Lake Blvd intersection (17,000+ cars per day)
Site is located next door to a brand new Chick-Fil-A and Jim ‘N Nicks in Hendersonville, an upscale suburb 18 miles northeast of Downtown Nashville
Nearby traffic generators include Publix, Kroger, Lowe's, PetSmart, Office Depot, Walgreens, Hendersonville High School a new Raising Canes, new Starbucks and a future In-N-Out Burger (one of the first handful of locations in the Eastern US for In-N-Out)
Hendersonville is currently experiencing unprecedented growth in retail and office development, with over $1 billion in new development approved for construction
There is No State Income Tax in Tennessee
15-Year Absolute NNN Ground Lease with Zero LL Responsibilities and a Corporately Guaranteed Lease, with 10% Rent Bumps Every 5 Years Throughout Term and 4 x 5 Year Option Periods
New Traffic Signal serving the development along East Main Street / Hwy 31E (25,000+ cars per day) just 600 yards east of the Indian Lake Blvd intersection (17,000+ cars per day)
Site is located next door to a brand new Chick-Fil-A and Jim ‘N Nicks in Hendersonville, an upscale suburb 18 miles northeast of Downtown Nashville
Nearby traffic generators include Publix, Kroger, Lowe's, PetSmart, Office Depot, Walgreens, Hendersonville High School a new Raising Canes, new Starbucks and a future In-N-Out Burger (one of the first handful of locations in the Eastern US for In-N-Out)
Hendersonville is currently experiencing unprecedented growth in retail and office development, with over $1 billion in new development approved for construction
There is No State Income Tax in Tennessee
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Building Size
2,088 SF
Year Built
2026
Price
$2,421,000
Price Per SF
$1,159.48
Cap Rate
4.75%
NOI
$115,000
Percent Leased
100%
Building Height
1 Story
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 159J-A-042.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,547,120 |
PROPERTY TAXES
Parcel Number
159J-A-042.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,547,120
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Valvoline | 15y Abs NNN GL | Nashville TN MSA | 268 E Main St
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